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Morgnano, whose second-largest employer, a cotton mill, had just laid off 400 of its 800 employees, most of them women...

Author: /time Magazine | Title: ITALY: Sitdown Under | 2/15/1960 | See Source »

Five years after arranging the historic guns-for-cotton deal that first brought them into Egypt, the Russians wound up undertaking to supply all the foreign money, material and advice to build the Middle East's greatest development project. After first luring President Eisenhower and West Germany's Ludwig Erhard into discussing help for Aswan's second stage, Nasser's aides now declared that it had been "inevitable" that the Russians should get the contract. They added that the Russians planned to merge the two stages of the billion-dollar job, thereby cutting construction time from...

Author: /time Magazine | Title: RUSSIA: The Wheeler-Dealers | 2/1/1960 | See Source »

...infantry major in France, he won a citation for meritorious service. With $3,000 in Army savings, 23-year-old Spence Love went to his father's home town of Gastonia, N.C., persuaded local residents to put up another $80,000 to buy control of a clangorous old cotton mill. When cottons sagged and real estate surged in 1923, Love sold the plant for $200,000 but kept the machinery. He moved it into a modern plant that industry-hungry boosters built for him in sleepy Burlington, N.C., and he swung into weaving rayon when other textilemen shied away...

Author: /time Magazine | Title: Business: Textiles' Turnabout Tycoon | 2/1/1960 | See Source »

Among them, the 297 accounted for almost a tenth of the $1,185,000,000 in cotton loans for that year. Three of the farmers, said Williams, received more than the Government lent to all growers of all crops in the four important farm states of Delaware, Maryland, New Jersey and Pennsylvania combined. They...

Author: /time Magazine | Title: AGRICULTURE: Cotton-Picking Loans | 1/25/1960 | See Source »

Other wealthy cotton pickers...

Author: /time Magazine | Title: AGRICULTURE: Cotton-Picking Loans | 1/25/1960 | See Source »

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